Seshachal Technologies Ltd

Seshachal Technologies Limited Trading Window Closure Notice

AGM Details

• 32nd AGM held on 30 September 2026 at 12:00 noon via VC/OAVM.

Key Resolutions

• Ordinary: Adoption of audited financial statements for FY2025-26.
• Ordinary: Re-appointment of Rajesh Gandhi by rotation as director.
• Special: Appoint Raj Singh Rawat as MD for 5 years from 23.04.2026.

Voting Outcomes

• Adoption of financial statements: voting outcome not disclosed.
• Re-appointment of Rajesh Gandhi: voting outcome not disclosed.
• Appointment of Raj Singh Rawat as MD: voting outcome not disclosed.

Director Changes

• Raj Singh Rawat appointed Managing Director for 5 years from 23.04.2026.

Resolution details

• Resolution type: Special resolution to approve preferential issue of equity shares.
• Proposed allotment: 55,000 fully paid equity shares to promoter group.
• Issue price: ₹76 per share; total up to ₹41.8 lakh.
• Allottees: Ch. Narendra and Ch. Anitha, promoter group, 27,500 shares each.
• Post-issue holdings: promoter group 38.73%; Narendra 29.41%; Anitha 9.32%.
• Floor price: ₹75.02; ₹76 complies with floor price.
• Lock-in: 18-month lock-in for new shares; 90 trading-day lock-in for pre-issue holdings.
• Listing: Shares to be listed on BSE Limited.
• Relevant date: 18 Sep 2026.
• Use of funds: Augment long-term working capital and general corporate purposes.
• Promoter group funds: promoter group to infuse funds; no change in control.
• Board authorization: PAS-4 issue and related filings; complete regulatory steps.
• Approvals: Regulatory approvals and stock exchange as required.

Fundraising details

• Up to 55,000 equity shares of ₹10 face value offered at ₹76 each.
• Aggregate issue size up to ₹41.80 lakh; subject to approvals.
• Price not less than floor price under Regulation 164(1)/166A.
• Two promoter-group investors proposed as allottees.
• Open offer under SEBI Takeover Regulations not triggered.
• Post-issue promoter shareholding 38.73%; pre-issue 33.87%.
• Objects: long-term working capital and general corporate purposes.
• Lock-in: 18 months for allottees; 90 trading days for pre-issue holdings.
• Related party: allottees belong to promoter group.
• Approvals: Special Resolution at EGM; BSE in-principle approval.
• EGM date and timing: 19 Oct 2026; notice dispatch 25 Sep 2026; remote voting Oct 16–18.
• Trading window closed 16 Sep 2026; reopens 48 hours after outcome.
• Scrutinizer: CS Himanshu Togadiya; e-voting agency: CDSL.

Investor and shareholding details

• Annexure II lists two promoter-group allottees: CH NARENDRA and CH ANITHA.
• Pre-issue promoter holding 33.87%; post-issue 38.73%.
• Total pre-issue shares: 6,94,360; post-issue: 7,49,360.
• No change in control; open offer not triggered.
• Post-issue promoter/public split: 38.73% promoter, 61.27% public.
• Notice to be posted on company and BSE websites.

Regulatory disclosures

• Regulation 30(2) disclosure filed; floor price and valuation dated 19 Sep 2026.
• Valuation by MANISH SANTOSH BUCHASIA dated 19 Sep 2026.
• Promoter-group related-party approvals under ICDR exemptions; open offer not triggered.
• Annexures I and II hosted on company/BSE websites.

Meeting Details

• Date: September 19, 2026; Time: not disclosed; Venue: Registered Office, Hyderabad.

Key Agenda Items

• Consider fundraising through equity shares or convertible warrants, subject to regulatory and shareholder approvals.

Other Notes

• Trading window closed for insiders from September 16, 2026 until 48 hours after board outcome.

AGM Details

• AGM date/time: 30 September 2026 at 12:00 PM IST.
• Mode: VC/OAVM.
• E-voting window: 27 Sep 2026 09:00 to 29 Sep 2026 17:00 IST.
• Cut-off date for e-voting: 24 September 2026.
• E-voting provider: CDSL.
• Scrutiniser: Piyush Gandhi, Practising Company Secretary (COP 20183).
• Board approved Director's report for FY 2025.
• Notice and annual report uploaded on company website.

Financial results and segment

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Report for quarter ended 30 June 2026 attached.
• Company has a single reportable segment; segment accounting not applicable under Ind AS 108.

Auditor and review context

• Independent auditor Sharad Chandra Toshniwal & Co; Limited Review completed; not an audit.
• Review report: no material misstatement observed in standalone results.

Capital actions

• Board approved allotment of 1,13,63,637 FCW to non-promoter public at Rs 22 each.
• 25% upfront, 75% within 18 months from allotment.
• Each warrant converts into one equity share of Rs 10.
• Warrants to be locked-in as per ICDR 2018 provisions.
• In-principle BSE approval obtained on 28 July 2026; meeting on 10 August 2026 approved.
• Total warrants allotted: 1,13,63,637; upfront amount received: Rs 6,25,00,003.50.
• Total remaining amount to be received within 18 months: Rs 18,75,00,010.50.
• Annexure-I lists allottees and upfront amounts; includes 20+ public entities.
• Warrants are convertible into equity shares, increasing share capital on exercise.

Meeting Details

• Date: 14 August 2026; Time: 03:00 PM; Venue: Registered office

Key Agenda Items

• Unaudited financial results for the quarter ended 30.06.2026 to be considered